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Ted Sidel Arranges $4.7M Loan For Foxborough Office Building In Boston

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FINANCED
$4,700,000

Massachusetts

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Office
Financed 04/20/2021
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FINANCED

Ted Sidel Arranges $4.7M Loan For Foxborough Office Building In Boston

100 Foxborough BLVD, Foxborough, M...

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Office
Financed 04/20/2021
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Summary

MASSACHUSETTS
Asset Type:Office
Transaction Type:Loan

The property involved in the transaction is a two-story office building located at 100 Foxborough Boulevard in Foxborough, Massachusetts. The building, situated in the Foxborough Business Center, comprises 64,319 square feet of office space and offers parking for 257 vehicles. Notable features include a large glass entry leading to a two-story lobby. Current tenants of the building include Iconics, Crossmark, Weston & Sampson Engineers, and Shave Logic.

Summary of transation details:

EagleBridge Capital, a Boston-based mortgage banking firm, facilitated a $4.7 million acquisition loan for the undisclosed borrower of the office building at 100 Foxborough Boulevard. Ted Sidel, a principal at EagleBridge Capital, orchestrated the financing, partnering with a leading financial institution based in New England.

Players

Ted Sidel
17 deals$229.7M volume
BROKER

LENDER

Details

FINANCED
IMAGE: 04/20/2021 ADDRESS: 100 Foxborough BLVD, Foxborough, M... MARKET: Foxboro ASSET TYPE: Office BORROWER'S REP: Ted Sidel(EagleBridge Capital) LENDER: Unknown Correspondent life insurance company LOAN AMOUNT: $4,700,000.00

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$4,700,000.00

Monthly NOI$31,333.33
Monthly Debt Service$29,707.20
Change in Cash Flow$0.00
Refinance Proceeds$0.00